July 1 deemed ‘Bloody Friday’ in shipping due to stock drops
A shipping researcher dubbed July 1 “Bloody Friday” due to a large drop in stock prices for several shipping companies.
A shipping researcher dubbed July 1 “Bloody Friday” due to a large drop in stock prices for several shipping companies.
Container shipping rates remain far above pre-COVID levels, yet there are more signs of prices easing.
The first half has been phenomenal for product tankers. How much of shipping upside is due to the war?
Bulk commodity shipping stocks held up well before this month. Now they’re falling alongside container shipping stocks.
It has been a terrible year for the stock market, a great one (so far) for product tanker and dry bulk shipping stocks.
Zim continues to outpace growth rates of rival container shipping lines, but investor demand fears are on the rise.
Shares of ocean shipping companies have given back much of their 2022 gains after another big sell-off.
The pain at the pump keeps getting worse. Bad news for consumers. Good news for owners of refined product tankers.
‘Right now, we don’t see a huge buildup of volumes because of the closedown in Shanghai,’ reports Maersk CEO Soren Skou.
New container prices, new production, lease rates, lease durations and used container prices are all down.
New reports from Maersk, Kuehne+Nagel and Drewry point to an ongoing boom for container shipping lines.
Retail stock pickers seem increasingly nervous about shipping. Shares of dry bulk, tanker, container and mixed-fleet owners all fell.
Tanker, bulker and LNG shipping stocks rise as domestic freight and container stocks face pressure.
America’s largest container port, Los Angeles, just posted the best March and best first quarter in its history.
The biggest deal in tanker shipping history would merge Euronav and Frontline, but consolidation is no panacea.
Charter rates hold steady at their peak as the seemingly neverending container shipping boom continues.
U.S. LNG cargoes were already flooding toward Europe months before the new deal. Real progress seems years away.
Some shipping shares are rising because of war tailwinds. Others are rising despite war headwinds.
Liner company Zim expects to rake in a billion dollars more this year than in record-setting 2021.
The cost of the fuel consumed by the world’s commercial ships has skyrocketed — and it’s still rising.